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5 June 2024 | 4 replies
For DSCR (Debt Service Coverage Ratio) they can usually go up to 80% LTV.
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7 June 2024 | 9 replies
This is largely based on experience so you can shoot for the moon, but be prepared to settle on what works with your strategy.Once you have done one, now you are building experience... and then you can move forward and hopefully with better terms.
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3 June 2024 | 4 replies
So I've poked around real estate investing, and I understand there are support services that might be useful for the real estate industry such as clean up services when old tenants move out.
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5 June 2024 | 3 replies
Things I've got down to minimal effort or fully automated: * Rent, security deposit, and fee collection* Basic accounting and tax packet creation* Listing vacancies* Lease signing* Applications, credit, and background checksThings I'm still dealing with directly ad-hoc or don't have a well defined process or solution in place for:* Requests and communication with tenants* Finding and coordinating service providers for maintenance and repair work* Scheduling showings and getting prospective tenants to make their appointments* Tenant turnover for move in and out* Keeping up with legal changes and lease template updates* Setting rent amounts* Lease enforcement - tenants are responsible for things like yardwork, routinely get letters from the city about weeds / tall grass, etc.Questions for the group:* What am I missing if I were to make out a checklist of an "automated property"?
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7 June 2024 | 11 replies
Mine is 20% pad ready land 60% vertical and 20% profit and overhead all based on gross value.
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6 June 2024 | 5 replies
I’m new to Airbnb co-hosting and I’m currently looking to co-host or virtually assist any property needing my service.
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6 June 2024 | 13 replies
Based on the few details you provided, it sounds like a 90% LTV conventional vacation home loan would work.
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6 June 2024 | 5 replies
They have a huge service department in Boston and they track each and every repair on all appliance types and brands and keep it updated so you can get a real feel for the best choices.For those folks who have small STRs with limited space, the LG Washtower could be a good solution for installations where you can't vent the dryer and have a small area.It wouldn't be for a larger place like ours but for a 1 or 2 bedroom place, it could be a good solution if you don't currently have a washer/dryer.https://blog.yaleappliance.com/lg-compact-washtower-review?
6 June 2024 | 3 replies
It was mostly based on the fact that the applicant just took it upon herself to have this RE agent and another program director ninja my showing to the tenant.
6 June 2024 | 0 replies
I agree not to pursue eviction based on rent amounts reimbursed by these funds and agree to dismiss any pending eviction case that is based on or seeks to recover the reimbursed arrears.